Smaller boxships return to east-west trades
Low-bunker costs and charter rates are giving a short-lived reprieve to the remaining classic panamax fleet as CMA CGM and HMM bring in new services using 5,000 teu containerships on trades usually served by the biggest ships
Cheap charter rates and relatively low bunker costs mean classic panamax boxships can make a profit in a trade mainly populated with ultra-large tonnage
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